RACQ warns of looming fuel price rise

The RACQ says the Australian Competition and Consumer Commission's (ACCC) investigation of price fixing has resulted in low fuel prices on the Gold Coast.

The consumer watchdog is looking into allegations that a number of retailers have used a third-party price monitoring website to fix their petrol prices.

RACQ spokesman Paul Turner says the probe has led to one of the longest price cycles on record but that will soon come to an end.

"It's a very long cycle and really unfortunately the bad news is it could go up at any time," he said.

"We're hoping it stays low for longer but that's why we're urging motorists to jump on now because any day now it could start to go up and when it goes up it tends to go up high and it tends to go up quickly."

The RACQ says it hopes the ACCC investigation into fuel prices leads to more transparency in the industry.

Mr Turner says the price monitoring website should be open to the public.

"The other upside to this data is organisations like RACQ or motorists individually may be able to access that data and buy at a better price by being able to check which surveys are the cheapest," he said.

"So we think the data in itself is fine. We hope the outcome of the investigation is that the data is made available to everyone."

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